Barred from 20% tax break, wealthy professionals have found a new way to avoid hefty tax bills.
Rush to take benefits due to illness may not be the best move.
Proposed regulations make it clear the agency considers splitting up businesses to get around income limits abusive.
Refugees from New York area, where the limit on deducting state and local taxes will hit hard, are heading to the Sunshine State.
Future tax rates and when the money will be needed are among the things advisers should take into account.
New study predicts earlier exhaustion of trust fund in 2032.
Proposed regulations make it clear the agency considers splitting up businesses to get around income limits abusive.
Advisers must understand when individual or household income will trigger complex rules.
Benefits lost to excess earnings are restored at full retirement age.
Observers say the proposal could open up areas of arbitrage, depending on how it's drafted.
Retirement savers have also seen the purchasing power of their savings reduced by inflation.
Quantifying and delivering improved investor outcomes takes both a human adviser and advanced technology.
Multinationals face a one-time repatriation levy of up to 17.5%, plus annual Gilti levy.
Observers say the proposal could open up areas of arbitrage, depending on how it's drafted
Benefits lost to excess earnings are restored at full retirement age.
Levy on overseas profits was aimed at tech and pharma companies, but quirks in the way it's calculated mean it's likely to hit big banks.
IRS OKs up to $10,000 in K-12 spending and rollovers to ABLE accounts; makes recontributing tuition refunds to 529s tax-free.
These investments will make sense mainly for ultrahigh-net-worth clients, at least initially, according to tax experts.
Tax collectors in states like New York make it really hard to leave.
Plan would also create universal savings accounts, but it doesn't offer fixes for glitches in last year's overhaul.
